Stay updated with the latest income tax notifications for changes in tax laws, rates, and compliance requirements. Get insights into income tax updates, exemptions, deductions, and important deadlines through income tax notifications.
Income Tax : The Jabalpur Tribunal held that signing an Agreement to Sell and receiving advance money did not trigger capital gains tax because...
Income Tax : The article examines whether Section 58(3) of the Income-tax Act, 2025 makes tax audit compulsory whenever profits fall below 6%, ...
Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The article analyses whether declaring profits below presumptive rates automatically triggers tax audit under the Income-tax Act, ...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highl...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : The ruling clarifies that unauthenticated digital chats and screenshots cannot form the sole basis of tax additions without proper...
Income Tax : The case involved denial of deduction due to delayed execution of purchase deed. The Tribunal held that investment in an under-con...
Income Tax : Gujarat High Court upheld the deletion of a Section 271D penalty, ruling that the assessment order did not record satisfaction for...
Income Tax : Supreme Court reviews the Kakadia Builders case, addressing Settlement Commission's authority to waive interest under Sections 234...
Income Tax : We request the authority concerned to take a practical view of the problems which the assessees are facing as on date on account o...
Income Tax : CBDT notifies NCCL's Core Settlement Guarantee Fund under Section 11 and Schedule III of the Income-tax Act, 2025, subject to spec...
Income Tax : CBDT notifies NCCL's Core Settlement Guarantee Fund for Section 10(23EE) exemption for AYs 2019-20 to 2026-27, subject to specifie...
Income Tax : CBDT notifies Telangana Pollution Control Board under Section 11 of Income-tax Act, 2025, effective from tax year 2026-27 subject ...
Income Tax : CBDT approves IIHS for social science or statistical research for tax years 2026-27 to 2030-31, subject to prescribed compliance c...
Income Tax : CBDT has notified the Indian Institute for Human Settlements as an approved institution for social science and statistical researc...
Circular : No. 166-Income Tax Attention is invited to para 2(7) of this Ministry’s Circular No. 161, dated 22-3-1975 [Clarification 1] relating to tax relief in regard to expenditure incurred on higher education of dependent children. The Finance Act, 1975 (as finally enacted) has extended the scope of this benefit.
Circular : No. 165-Income Tax Under section 194B every person responsible for paying to any person, whether resident or non-resident, any income by way of winnings from any lottery or crossword puzzle, in an amount exceeding Rs. 1,000 is required to deduct income-tax thereon at the rates prescribed in this behalf in the Finance Act of the relevant year.
Circular : No. 164-Income Tax Section 18 provides that if a person making a taxable gift pays into the treasury, within fifteen days of his making the gift, the amount of tax due on the gift, he shall at the time of assessment under section 15, be given credit, in addition to the amount so paid, for an amount equal to ten per cent of the amount so paid.
Notification: S.O.2528 It is hereby notified for the general information that the institution mentioned below has been approved by the Department of Science & Technology, the prescribed authority for the purposes o
Circular No. 163-Income Tax To remove any possible and misunderstanding of the legal position, the Board added the following sentences, at the end of the last para of Board Circular No. 23 of 1969
Explore Notification S.O.363(E) issued on 29/5/1978, amending Income-tax Rules under section 295. Get insights into Income-tax (Sixth Amendment) Rules, 1978, enacted by the Central Board of Direct Taxes
Circular : No. 162A-Income Tax Section 35D provides for the amortisation of certain preliminary expenses incurred by an Indian company or a resident assessee, other than a company, before the commencement of business or in connection with the extension of an industrial undertaking or the setting up of a new industrial unit.
Notification: S.O.1980 Central Government hereby notifies Countess of Dufferin Fund, Bengal Branch, for the purpose of the said section for and from the assessment year(s) 1962-63.
Notification: S.O.2262 In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies St. Paul’s Cathedral, Chowringhee Road, Calcutta, to be of historic, archaeological and artistic importance as well as a place of public worship or renown throughout the State of West Bengal for the purposes of the said section
Notification: 904 In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Subramaniaswamy Temple, Kumaravayalur, Trichy District, Tamil Nadu, to be a place of historic and public worship of renown throughout the State of Tamil Nadu for the purposes of the said section. (Sd.) V. B. Srinivasan, Under Secreta
